President Donald Trump has a word for Americans who pay income taxes: Chumps.
Sadly, it comes as no surprise that a recent investigation of the president’s federal tax returns reveals he has paid no income taxes in 10 of the last 15 years, ending in 2017.
“It shows I’m smart,” he said during the 2016 campaign.
“Conniving” is what comes to our mind.
In fact, most people of his stature would be embarrassed to admit they are shorting the system.
Mr. Trump wears it like a badge of honor.
THE PRESIDENT is the first in modern history who has refused to release his income tax returns during a presidential campaign and waged endless legal battles ever since to keep them secret.
On Sunday, the New York Times released the results of a years-long investigation of the president’s returns.
It’s not a pretty picture: Lavish expenditures, outrageous deductions ($70,000 for hairstyling fees), and a balance sheet thrown out of whack by mind-boggling losses.
In 2010, he received a $72.9 million tax refund after declaring business deals gone bad. That’s us paying him for being incompetent.
The president declares the report is fake news. We’re thinking he’s the one who sold the country a fake bill of goods by pretending to be a phenomenal businessman equipped to run the country.
Especially grievous is how the president’s private businesses continue to benefit from his current stint — despite it being against federal law.
Every other president upon acceding to office has divested themselves of their private holdings or put them in blind trusts so they have no clue as to their welfare.
Not Trump.
Instead, he’s seen that lobbyists, foreign officials and politicians stay at his hotels and use his resorts.
And it’s because an army of tax attorneys skilled in loopholes and back alleys that Mr. Trump’s recent tax bills are multiple times less than those of average Americans.
